FOREXYARD: Forex News Blog | |
| Posted: 08 Mar 2012 07:54 AM PST
The euro has made reasonable gains against the greenback during Thursday trading. Per usual, the Greek debt crisis is the primary source of concern for investors looking at the euro. However, today saw a brief reprieve for those continually preoccupied with the future of euro zone economies as Greece indicated that it has secured enough private capital to meet its upcoming bond swap. At the moment, the euro is trading hovering at $1.3237, marking a slightly stronger degree of stability compared to yesterday. Read more forex news on our forex blog. |
| Posted: 08 Mar 2012 03:28 AM PST
Following Asian trading last evening the Japanese yen experienced a slight drop from its recent period of stabilization. At the moment, the yen is trading up against the dollar at a rate of 81.42, which marks a significant decline for the yen since yesterday morning. The euro also made gains during late trading yesterday and is currently sitting around 107.59. Analysts explain that following a bit of news from Japan yesterday evening, the yen took a dive and diverted from its recent rebound. Figures released from Japan indicate the country’s first current account deficit in three years. Heading into to afternoon trading today, analysts are predicting the possibility that yesterday’s decline for the yen was a quick and short drop and could return to its rebound that began this week. Read more forex news on our forex blog. |
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